CompTIA restates Tech Jobs Report to clarify Bureau of Labor Statistics data revision

CompTIA's analysis of the U.S. Bureau of Labor Statistics #JobsReport today reveals that technology sector companies lost an estimated 2,489 jobs in January. The November data revision was characterized by the BLS as a major revision that reflects content and coding changes within the information and retail sectors. The BLS provided further clarification and said that these revisions were made to all historical data series, not just November. The number of technology occupations in the economy fell by 32,000 per month. This is a small decrease of -0.5%. In January, the tech unemployment rate was 1.5%. This is a sign that many layoff workers were rehired and absorbed into the labor force. "Despite the unusual backward revisions by the BLS, and the routine fluctuations of monthly labor market data fluctuations, many of the big picture technology employment picture remains unchanged," stated Tim Herbert, chief researcher, CompTIA. "Undoubtedly, some companies overhired and are now cutting back. The "CompTIA Tech Jobs Report” is available at URL. About CompTIA. The Computing Technology Industry Association (CompTIA), is a leader and advocate for the global $5 trillion information technology ecosystem. It also represents the estimated 75 million industry professionals and technologists who create, implement, manage and protect the technology that drives the world's economy. 1 The U.S. Bureau of Labor Statistics monthly occupation level data tends to have higher levels of volatility and variance. Backward revisions may be possible for labor market data from BLS and employer job posting data of Lightcast. SOURCE CompTIA